Homeowners Insurance Lake Charles Louisiana

Better Rates on Homeowners Insurance in Lake Charles Louisiana Are One Call Away!

Homeowners Insurance Lake Charles LouisianaJeff Davis Insurance has cared for the insurance needs of thousands of individuals, families, and businesses for more than 50 years!

Call us today at 337-824-4455 or use our online rate quote system that will automatically shop the market for you saving you both time and money!

This Is One Mistake You Should Avoid When Shopping for Homeowners Insurance in Lake Charles!

In a previous article we discussed the importance of insuring our homes properly.  Steve and Jodie Harrison purchased a new home and only bought enough insurance to cover what they paid for the home.

At first glance this seems logical. But it was a mistake that cost Steve and Jodie $12,000 out-of-pocket when a fire damaged their home.

When you buy a new Lake Charles homeowners insurance policy make sure you purchase enough coverage to rebuild your home exactly as it was prior to the loss based on current labor, current material costs, and local building and ordinance laws that may have been changed since your home was built.

Never insure your home for market value unless you want to be penalized by the insurance company!

The Homeowners Insurance Penalty You Need to Avoid.

Please note the contractual language of a typical Lake Charles Homeowners Insurance Policy:

Loss Settlement

Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: 

a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: 

(1) The limit of liability under this policy that applies to the building;

(2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or

(3) The necessary amount actually spent to repair or replace the damaged building. 

So to summarize if you purchase at least 80% of what you should’ve purchased to rebuild your home the insurance company will settle your claim on a replacement cost basis, not actual cash value.

Losses settled on an actual cash value may leave policyholders on the hook to pay significant amounts of money out-of-pocket!

In our next article we will discuss why it’s important to review your coverage so you do not incur a significant penalty in the event your insurance amount falls below the 80% coverage rule by the typical company offering homeowners insurance in Lake Charles Louisiana.

Call Jeff Davis Insurance Today When You Need Lake Charles Homeowners Insurance!

You can reach our licensed agents by calling 337-824-4455 during normal business hours. (8:30 A.M. – 4:30 P.M.) Or use our online rate quote system and you click on:

Home Insurance in Lake Charles

real estate agent BE uid 1355507If you’re looking for better options on car or homeowners insurance in Lake Charles Louisiana and the surrounding areas you have found the right company!

Call 337-824-4455 or click on House Insurance Lake Charles for instant online rate quote on home or car insurance.

Full Service + Better Options + One Agency – Jeff Davis Insurance Can Handle All of Your Insurance in Lake Charles Louisiana!

It’s often not possible to have both your car and homeowners insurance with the same Insurance company in Louisiana.

Jeff Davis Insurance Can Help Your With All of Your Insurance Needs!

As a full service independent insurance agency Jeff Davis Insurance represents a large number of top rated companies offering Car, Boat, Motorcycle, Business, Life and Home insurance in Lake Charles.

You can call our office at 337-824-4455 during normal business hours or you can receive online rate quotes 24 hours per day in five minutes or less when you click on this link: Homeowners Insurance Lake Charles.

Why Are My Home Insurance Rates Going Up And What Can I Do about It?

This is a question many policyholders may be asking; especially if you have noticed that your home premiums have increased once again.

If you did receive a fairly large rate increase on your homeowners insurance in Lake Charles, call us at 337-824-4455 or click on Home insurance quotes to receive an online rate quote.

Jeff Davis Insurance offers an Insurance shopping Service that is guaranteed to help you keep your insurance premiums low for life.

This is a very important service, especially for those shopping for homeowners insurance in Lake Charles and the surrounding areas.  Prices for homeowners insurance in our area are the second highest in the entire country!

We Can Help You Save Money on Lake Charles Home Insurance!

The principal reason why we are the best place to begin shopping for home insurance in Lake Charles is based on the large number of companies we represent.

Independent insurance agents in Lake Charles are not restricted in offering homeowners insurance with only one company as is true of some of our competitors.

More choices equal better options when shopping for home insurance in Lake Charles and the surrounding areas!

Call 337-824-4455 and Speak to Jeff Davis Insurance Today for Better Insurance Options. 

Or for an online rate quote in 5 minutes or less click on Home Insurance Lake Charles.